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Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance a syndicated loan that matures this month. -
Greek banks will have to address a €14.4bn capital shortfall as part of plans to strengthen the viability of the country’s banking system, said the European Central Bank on October 31.
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Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.
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Swiss foods group Nestlé issued a €500m no-grow bond on Wednesday, clinching a 25bp spread over mid-swaps and still drawing a €1.6bn order book.
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BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.
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The wide-ranging management shake up at Deutsche Bank is set to continue after the German lender picked former Goldman Sachs partner Alasdair Warren to lead its new corporate and investment banking unit in Europe, the Middle East and Africa.
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Royal London Mutual Insurance Society looked to the sterling market for a £350m 13 year subordinated bond, following meetings with investors earlier this week.
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Shire, the UK pharmaceutical company, has agreed to acquire US company Dyax for $5.9bn in cash. Deutsche Bank and Morgan Stanley are arranging the financing.
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Barclays and Nordea secured strong demand and tight pricing for tier two deal this week, as both banks looked to capitalise on positive investor sentiment. Their success had market participants expecting further supply.
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Editis, the second largest publishing group in France, has signed €465m of loans to help refinance a €480m facility due to mature in January 2018.
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Commitments are due by 8pm London time on Thursday, November 12, for €200m and $750m term loan add-ons to First Data Corp’s loan facilities that mature in 2022.
